General Motors (NYSE:GM) Holdings Reduced by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lessened its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 35.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,975 shares of the auto manufacturer’s stock after selling 9,497 shares during the period. Great Valley Advisor Group Inc.’s holdings in General Motors were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in GM. Acadian Asset Management LLC increased its stake in General Motors by 454.3% during the 3rd quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer’s stock valued at $171,961,000 after buying an additional 4,275,293 shares during the period. AQR Capital Management LLC increased its stake in shares of General Motors by 32.6% during the third quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer’s stock valued at $274,531,000 after acquiring an additional 2,049,412 shares during the period. Vanguard Group Inc. raised its holdings in General Motors by 1.4% during the third quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock worth $3,674,861,000 after purchasing an additional 1,580,681 shares in the last quarter. EP Wealth Advisors LLC lifted its position in General Motors by 518.4% in the third quarter. EP Wealth Advisors LLC now owns 1,274,574 shares of the auto manufacturer’s stock worth $42,023,000 after purchasing an additional 1,068,474 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in General Motors by 175.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,615,483 shares of the auto manufacturer’s stock valued at $53,262,000 after purchasing an additional 1,028,508 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Trading Up 0.4 %

Shares of NYSE GM opened at $44.86 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. General Motors has a one year low of $26.30 and a one year high of $46.17. The business has a 50-day moving average price of $42.84 and a two-hundred day moving average price of $36.79. The firm has a market capitalization of $51.18 billion, a PE ratio of 5.48, a PEG ratio of 0.53 and a beta of 1.49.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping the consensus estimate of $2.02 by $0.60. The business had revenue of $43.01 billion during the quarter, compared to analysts’ expectations of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $2.21 earnings per share. As a group, analysts predict that General Motors will post 9.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, June 7th. General Motors’s dividend payout ratio (DPR) is presently 5.87%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GM shares. StockNews.com raised General Motors from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Wedbush upped their price target on shares of General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Mizuho boosted their target price on shares of General Motors from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Citigroup lifted their price target on shares of General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, General Motors has a consensus rating of “Moderate Buy” and an average price target of $54.65.

Insider Buying and Selling

In other news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now directly owns 12,007 shares in the company, valued at approximately $540,315. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other General Motors news, EVP Gerald Johnson sold 15,190 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.03, for a total transaction of $608,055.70. Following the transaction, the executive vice president now directly owns 98,628 shares of the company’s stock, valued at $3,948,078.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Christopher Hatto sold 3,500 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the transaction, the chief accounting officer now owns 12,007 shares in the company, valued at $540,315. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,248 shares of company stock worth $3,614,078. Corporate insiders own 0.54% of the company’s stock.

About General Motors

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.